Grain Department
 
Here at Ag Plus, we strive to provide information to our customers to
help them in achieving their marketing goals.  If you have any questions feel free to contact Dave or Laura.
 
Attention

As of today (9/23/16) all Ag Plus locations will be accepting Xtend™ Soybeans

Grain Marketing Services

 

ATTENTION: IMPORTANT INFORMATION

Ag Plus has been notified by local soybean and corn processors that they will not accept any corn or soybeans that are not approved for export.

 

This list would include, but not be limited to: Duracade corn, Roundup Ready 2 Extend beans, Enlist corn and beans, Vistive beans and Plenish beans. 

 

Ag Plus wants you to understand that our policy is that we cannot accept any grain that is not approved for export shipment until the local processors or terminals will accept them.  We cannot accept any grains that are tainted or contaminated by, produced from, or contain any amount of genetically modified seed.  We also cannot accept GMO events that have not received full and final approval for import/use by any domestic or foreign markets; not limited to the United States, China, European Union, or any other export market.

 

If you are uncertain on a seed product that you intend to plant or have planted, please check with us before planting/shipping grain to any Ag Plus location.  If you have already planted a non-approved product, we will do our best to work with you to help market the grain; but you must notify us before any delivery of grain.    Failure to notify us before delivery will result in liability to the farmer.

 

Any seller that delivers unapproved agricultural commodities that include products which are produced from, tainted or contaminated by, or contain any amount of GMO seed or GMO events not approved in all export markets; shall be in breach of the contract with Ag Plus.  The seller will then be liable for all direct or consequential damages, including but not limited to, any losses arising from facility closure, extra handling or reduced operating capacity, and all removal and cleaning costs.  This liability could also include any damages or issues caused at processing facilities or terminals that Ag Plus may deliver grain to, from our farm customer.

 

We hope to have these issues resolved by the seed companies before any matters arise.  We will notify our customers once the issues have been resolved but this policy will remain in effect until then. 

WILL NOT ACCEPT

WILL NOT ACCEPT

Delivery of soybeans/corn produced from the following seed products:

 

                                                     Bayer soybeans

                                                         Event FG72

  

VistiveGold soybeans                       Bayer/Syngenta soybeans

MON 87705 (Monsanto)                            SYHTOH2

 

Soymega™ soybeans                            Dow soybeans

MON 87769 (Monsanto)                           DAS-81419-2

 

Dow Enlist E3™ soybeans                    Monsanto soybeans

DAS-44406-6                                         MON 87712

 

Dow Enlist ™ soybeans                        Monsanto soybeans

DAS-68416-4                                         MON 87751

 

Syngenta Duracade corn                      Plenish™ soybeans

                                                            (DuPont/Pioneer)

 

 

“UNACCEPTABLE AGRICULTURAL COMMODITIES” INCLUDING COMMODITIES THAT INCLUDE, ARE PRODUCED FROM, OR CONTAIN ANY AMOUNT OF, SOYBEAN WITH MONSANTO’SROUNDUP READY 2 XTEND™ TECHNOLOGY.

 

ANY SELLER THAT DELIVERS UNACCEPTABLE AGRICULTURAL COMMODITIES SHALL BE IN BREACH OF ITS CONTRACT AND WILL BE LIABLE FOR DIRECT AND CONSEQUENTIAL DAMAGES, INCLUDING WITHOUT LIMITATION, ANY LOSSES ARISING FROM FACILITY CLOSURE OR REDUCED OPERATING CAPACITY AND ALL REMOVAL AND CLEANING COSTS.

Daily Grain Comments

Wednesday, April 18th, 2018

 

Louis Dreyfus at Claypool is back up and receiving soybeans after their maintenance shutdown for Monday and Tuesday of this week.


Are you interested in creating supplemental income for your grain operation?  Synergy Feeds is actively seeking candidates interested in diversifying their farming operation by adding a contract swine feeding operation through one of our several swine production companies that Synergy Feeds works with.  If you are interested in learning more about these opportunities, please contact Jon Bronnenberg, (Synergy Feeds Swine Consultant) at 260-358-7277 or by e-mail at jbronnenberg@synergyfeeds.com.

Markets were higher overnight and closed higher in wheat and corn, lower on old soybeans and higher on new crop beans.  We continue to struggle to find much bullish news to feed this market.  There was continued talk about the Chinese tariff on sorghum today and discussion of some additional tariffs on China by the U.S.  Rain is still predicted for the southwest plains for this weekend and later next week with amounts this weekend of .5 to 1.5 inches.  Wet weather with cold continues for a few more days in the midwest with northern states receiving more snow today and tomorrow.  Delta states are starting to dry out but rain is predicted for this weekend.  Weekly export sales for last week will be released on Thursday, no new sales announced this week by the USDA.  Weekly oil inventory was released today with the crude oil inventory down 1 million barrels at 427.6, 104.7 million barrels below last year at this time.  Gasoline stocks were 235.9 million barrels, down 3 million from the previous week and 1.7 million barrels below last year.  Distallate stocks were 125.3 million barrels, down 3.1 million from the previous week and well below last year's stocks of 148.3 million.  Ethanol production was down from the previous week at 1.009 million barrels per day, down 25,000 from last week.  Ethanol stocks were also lower on good export demand with stocks at 21.344 million barrels. down 502,000 from the previous week.  Continued discussion by the President and his advisors of permitting a 15% ethanol blend year round, no final decision has been made.  Outside markets had the dollar up 137 at $89.365, gold up $4.10, and silver up 388 points.  The Brazilian Real was up 6.7% today.  Crude oil reacted higher on the lower stocks of oil, gas, and diesel trading up $2.08 at $68.60, this is the highest level in over 2 years.  Stocks were stronger with the Dow up 21, Nasdaq up 25, and S & P up 5.  Friday is the last trading day for May options is Friday, April 20th and the first notice day is the following Friday, April 27th.  The largest open interest on options is on May $3.80 corn and May $10.40 beans.  Traditionally the market tends to migrate toward these prices as final trading day arrives.              

Support levels on May corn are at $3.78 and $3.74 and resistance is at $3.89-1/4 and 3.92-1/4.  Support on December corn is at $4.02-3/4 and $4.00 and resistance was $4.10-3/4 and $4.16-1/2.  Support on May beans is at $10.36-3/4 and 10.30 and resistance is at $10.67-1/4 and $10.82-1/2.  May beans left a gap recently at $10.37, will we have to see if the market tries to fill the gap.  Support on November beans is at $10.30 and $10.19-1/2 and resistance is at $10.60 and $10.75.  Support on May wheat is at $4.57 and $449-1/2 and resistance is at $4.88 and $4.94.  

 

Cash Bids (Login to View)
Name Delivery Start Delivery End Short Name Futures Price Basis Cash Price Futures Change

Quotes retrieved on April 20, 2018, 07:15:46 AM CDT